Category: Banking & Financial Services

ARCIL to empanel strategic investors to bid for stressed assets under IBC

The Asset Reconstruction Company (India) Ltd (Arcil) is planning to empanel strategic investors with expertise in sectors such as steel,

Small Industries Development Bank of India (SIDBI) has participated as an anchor investor in Promising Lenders Fund (PLF) managed by

Punjab National Bank (PNB) has no plans to sell its equity holding in Canara HSBC Life Insurance, a life insurer

Axis Bank posted a net profit of ₹5,797 crore for Q1 FY24, up 41 per cent yoy led by 38 per cent

Mahindra & Mahindra Limited has picked up 3.53 per cent stake in RBL Bank as an investment at a cost

Aided by strong operating performance, Punjab National Bank (PNB) reported a 307 per cent increase in standalone net profit for

Open AI’s Sam Altman, who introduced ChatGPT, launched eyeball scanning cryptocurrency project Worldcoin. The project is aimed at using blockchain

Banks could end FY24 with almost the same net interest margin (NIM) as in FY23 as term deposits are expected

Dvara KGFS, a Chennai-based NBFC, has entered into a co-lending partnership with HDFC Bank to provide capital to micro business

| Photo Credit: VIVEK PRAKASH SIDBI has constituted an advisory committee on NBFCs ( comprising senior industry leaders, representatives from the